Understanding Vendor Lock-in and Vendor Lock-out in Public Cloud
Concept of Vendor Lock-in and Lock-out and Importance
Vendor Lock-In occurs when a company gets stuck using one specific technology or service from a particular cloud provider. This makes it hard and costly to switch to a different provider or change the technology. It’s like being in a technology “trap” because you’ve become too dependent on one company’s stuff.
Vendor Lock-Out happens when a company loses access to its data or services provided by a cloud provider. This can occur because of disputes, payment issues, or problems on the vendor’s side, and it can be like getting locked out of your own digital tools and information.
Differences between Cloud Vendor Lock-In and Vendor Lock-Out
Technical and Business Risks
It is necessary that an organization understand the risks related to vendor lock-in and vendor lock-out cloud providers.
